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FxWirePro: Aussie gains against major peers on the back of higher than expected retail sales data

  • AUD/NZD is currently trading around 1.0543 marks.
     
  • Pair made intraday high at 1.0549 and low at 1.0488 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0450 marks.  
     
  • A daily close below 1.0499 will take the parity down towards key supports around 1.0458, 1.0375, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0499 will drag the parity higher towards key resistances at 1.0570/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • Australia released retail sales data with positive numbers at 0.6 pct m/m vs 0.2 pct forecast (previous 1.0 pct).

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